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JSE firms ahead of US inflation report

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Markets are pricing in a further 25 basis-point increase in the Fed’s key rate later this month

The JSE was firmer in morning trade on Wednesday as investors await the latest US consumer inflation data scheduled for release later in the day.

Economists surveyed by Bloomberg forecast that the annual rate of inflation in the world’s biggest economy slowed to 3.1% in June from 4% a month earlier, and core inflation — which excludes food and energy — to 5% from 5.3%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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